Upcoming Stock Splits: Innovation and Market Adaptation

Companies often use stock splits to enhance the liquidity of their common shares and make them more affordable for retail investors. Let's take a brief look at the upcoming stock splits for the week of August 26-30, based on the TipRanks calendar. BiomX, a clinical-stage company developing natural and engineered phage cocktails to combat harmful bacteria, will implement a one-for-ten reverse stock split starting August 26. Similarly, ESS Tech, a provider of sustainable energy storage solutions, will also execute a one-for-fifteen reverse stock split from August 26 to meet the NYSE's minimum bid price requirement. BYND Cannasoft Enterprises, known for its CRM software and cannabis integration, announced a one-for-seventeen reverse stock split, also effective from August 26, to meet Nasdaq's minimum requirements. Theriva Biologics, an immuno-oncology company, will carry out a one-for-twenty-five reverse stock split on the same date. Oblong, known for its patented technologies optimizing digital collaboration, will undergo a one-for-forty reverse stock split on August 26 to comply with Nasdaq Capital Market's listing requirements. On the same day, Canadian resource company New Age Metals plans a one-for-four reverse stock split. Additionally, Quantum Corp., a provider of data management and protection solutions, will conduct a one-for-twenty reverse stock split on August 27. Forte Biosciences, specializing in molecular therapies for autoimmune diseases, has announced a one-for-twenty-five reverse stock split effective August 28. Japanese retail giants SAN-A Co. and Takashimaya will both execute a two-for-one stock split on August 29. GDEV Inc., spun off from Nexters Studio, will implement a one-for-ten reverse stock split on August 29. This action is intended to improve the liquidity and marketability of its common shares. For further information on historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.